Research on the Impact of Green Credit on Carbon Emission and Mechanism Analysis

Abstract

Green credit policy is one of the important measures to promote the green transformation of economy and society and achieve the double carbon goal, which has developed rapidly in recent years. The sample was selected from 30 provinces and cities in China (excluding Tibet) from 2008 to 2019 to empirically investigate the effect of green credit on carbon emission intensity, and the study found that (1) green credit reduces carbon emission and plays a role in environmental protection. (2) Green credits act on carbon emissions through three major mediating variables: scale, technology, and structural effects, respectively, and ultimately reduce carbon intensity. This study provides a scientific basis for the formulation of green credit policy in China's energy conservation and emission reduction policy, and proposes policy measures to give full play to green credit to improve the quality and enthusiasm of economic and social growth, and to transform the economic development model to promote green economic development.